To amend the Internal Revenue Code of 1986 to provide a tax credit to employers who employ members of the Ready Reserve or of the National Guard.

Summary

Amends the Internal Revenue Code to provide a business tax credit in the amount of 50 percent of the actual compensation amount for the taxable year, plus ten percent of the unpaid compensation amount for the taxable year credit for employers of members of the Ready Reserve or National Guard absent from work on active duty. Limits such credit to $2,000 with respect to any one Ready Reserve-National Guard employee.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 27 February 1991

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 27 February 1991

   Introduced

   Introduced in House

   Source: IntroReferral

3. 27 February 1991

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 27 February 1991

  Open at official source

Sponsors

• Rep. Bilirakis, Michael [R-FL-9] · R · Sponsor
• Rep. Towns, Edolphus [D-NY-11] · D · Sponsor
• Rep. Poshard, Glenn [D-IL-22] · D · Sponsor
• Rep. Stokes, Louis [D-OH-21] · D · Cosponsor
• Rep. Jefferson, William J. [D-LA-2] · D · Cosponsor
• Rep. Lagomarsino, Robert J. [R-CA-19] · R · Cosponsor
• Rep. Machtley, Ronald K. [R-RI-1] · R · Cosponsor
• · hswm00 · Standing

Related records

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